Impax Asset Management Group (LON:IPX) Earns Buy Rating from Peel Hunt

Key Points

• Impax Asset Management Group has received a "buy" rating from Peel Hunt, with a target price of GBX 225, indicating a potential upside of 20.49% from its current stock price.
• Berenberg Bank also reaffirmed a "buy" rating, setting a higher target price of GBX 300, contributing to a consensus "buy" rating among analysts.
• The company's stock currently trades at GBX 186.73 with a market cap of £235.27 million, reflecting significant volatility in its trading range over the past year.

Impax Asset Management Group (LON:IPX - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Peel Hunt in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a GBX 225 price target on the stock. Peel Hunt's price objective would indicate a potential upside of 20.49% from the company's current price.

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 300 target price on shares of Impax Asset Management Group in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 262.50.

Impax Asset Management Group Stock Performance

Shares of Impax Asset Management Group stock opened at GBX 186.73 on Wednesday. The stock has a market cap of £235.27 million, a PE ratio of 781.31, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The business has a fifty day simple moving average of GBX 185.61 and a 200-day simple moving average of GBX 178.29. The company has a quick ratio of 2.26, a current ratio of 3.23 and a debt-to-equity ratio of 5.94. Impax Asset Management Group has a 12 month low of GBX 112.60 and a 12 month high of GBX 414.

About Impax Asset Management Group

Impax Asset Management was founded in 1998 and has been a pioneer in the development of investing in the transition to a more sustainable global economy. We are one of the largest investment managers dedicated to investing in sustainable markets globally. We believe that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency.

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